As borrowers increasingly have more complex income and needs and brokers are being encouraged to diversify into specialist lending to meet Consumer Duty requirements and to boost their business, the role of packagers could grow even more.
Packagers have many advantages in terms of access to specialist lenders, saving time on cases and support around documentation and administration.
However, some brokers may have preconceptions or concerns about relying on a third party to progress a case and how that may impact the customer relationship.
Worries around a reduced procuration fee and processing times may also factor in for some brokers.
This month, Mortgage Solutions is asking brokers: Have you been using packagers more in the past year than you have done previously?
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